AUDUSD Daily Analysis – February 19, 2019

AUDUSD extended its upside movement from 0.7054 to as high as 0.7160. Further rally is still possible and next target would be at 0.7200 area. On he downside, a breakdown below 0.7110 support would indicate that the upside movement had completed at 0.7160 already, then deeper decline towards 0.7054 support could be seen.

AUDUSD 4-hour chart